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Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further (finance.yahoo.com)

submitted 1 year ago* (last edited 1 year ago) by Wilshire@lemmy.world to c/nottheonion@lemmy.world

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[-] whats_a_refoogee@sh.itjust.works 19 points 1 year ago

Manipulating the currency exchange rate is one of the favorite activities of corrupt autocratic governments.

It's a method to give the impression that the full scale invasion did not hurt their economy, hell it even made it better.

However, you can keep up the facade for only so long until the natural forces of the market overpower and break it.

this post was submitted on 12 Aug 2023

100 points (96.3% liked)

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